Karachi, August 20, 2023 – The Federal Board of Revenue (FBR) has taken a significant step towards promoting tax transparency and accountability by prescribing penalties for the concealment of income.
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Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
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PKR May Face Increasing Pressure Against Dollar for Week Starting August 21
Karachi, August 20, 2023 – The Pakistani Rupee (PKR) is anticipated to encounter mounting pressure against the US dollar in the upcoming week commencing on August 21, 2023.
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Punjab Government Unveils Taxation Structure for Immovable Property
Islamabad, August 20, 2023 – The Punjab government’s finance division has released a comprehensive report detailing the various types of taxes imposed on immovable property in the province.
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KCCI Criticizes FBR Over Section 7E Discrimination in Property Selling
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has strongly criticized the Federal Board of Revenue (FBR) for what it perceives as discriminatory treatment in the application of Section 7E concerning property sales.
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Pakistan Issues Income Tax Rates for Foreign Shipping and Air Transport
Karachi, August 19, 2023 – Pakistan has officially released the income tax rates applicable to foreign shipping and air transport for the tax year 2023-24, which commenced on July 1, 2023.
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Punjab Leads in Motor Vehicle Tax Collection in FY23: Official Stats
Karachi, August 19, 2023 – Punjab has emerged as the frontrunner in the collection of motor vehicle tax for the fiscal year 2022-23, as per recent official statistics released by the federal finance ministry of Pakistan.
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Caretaker Finance Minister Advises FBR to Enhance Tax to GDP Ratio
Islamabad, August 18, 2023 – The newly appointed Caretaker Finance Minister, Shamshad Akhtar, has issued a directive to the Federal Board of Revenue (FBR) to focus on improving the tax to GDP ratio.
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Pakistan’s July Current Account Deficit Shrinks by 36%, Trade Gap Contracts
Karachi, August 18, 2023 – Pakistan’s current account deficit has shown a remarkable reduction of 36 percent in July 2023, as unveiled by data released by the State Bank of Pakistan (SBP) on Friday.
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Wheat Flour Price Soars by 132% in Agricultural Pakistan
Islamabad, August 18, 2023 – The cost of wheat flour, a staple food for the masses in Pakistan, has experienced an unprecedented surge of over 132%.
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Rupee Dips Sharply Against Dollar, Hits PKR 295.78 Mark in Interbank Trading
Karachi, August 18, 2023 – In a concerning development, the Pakistani Rupee (PKR) experienced a significant drop against the US Dollar, reaching a worrisome level of PKR 295.78.
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